Ironically not being able to sell LCC today may be to your advantage as AAL has done very well today. TD Ameritrade is accepting trade orders for AAL, I established a starter position shortly after the open.
American closed it's merger with U.S. Airways. U.S. Airways was profitable and American in bankruptcy. Now just four airlines control 88% of the U.S. business. Similar situation to MU buying bankrupt ELPIDA, bringing consolidation to their industry. I continue to hold MU and established an initial position in AAL.
The agreement between RMBS and MU caps the quarterly payments at $10M. Any idea what the actual payments may be?
Did you sell anything yet? RMBS could be a flash in the pan, IMO as the $10M per quarter figure is the "cap", meaning the maximum. What is the minimum?
Mid January... A lot later than when Hynix last said.
Was on TD Am.. "9:02a Micron Shares Down 3% Pre-Market as MKM Issued Note Suggesting SK Hynix Will Be at Full Production in Mid-Jan. (Benzinga)"
Total non event as this should have been factored in as eventually happening.
I'm not selling here.
The Hynix announcement 2 weeks ago I think was in reference to full production of some particular new product, not a reference to the damaged plant.
Since the board is now involved, of course he will talk to them if asked. Actually the main villain is MSFT for constantly leaking stuff, leading the press to ask Mulally questions. Still, the focus now is on Mulally, and I expect him to come clean on this issue..... now!
Yes, there can be no doubt Mulally's "One Ford" makeover was and is huge! Still, we do have the irritating go-or-stay issue to be resolved....
PS: the correct spelling is "Mulally" not "Mullaly".
The market is going through one of its jitter phases. As for MU, short term uncertainty re Hynix is still there. Saw this on fly... Wedge Partners believes Hynix Wuxi fab started production early this month and is at 30% capacity. The firm expects a short-term correction in PC DRAM prices of around 15% and expects 4G PC DRAM prices to fall to $2.50-$3.00 from $3.50.
The Detroit News had this mention:
A Ford board meeting passed Thursday without any official comment on Mulally, 68, who has been rumored to be a replacement for Steve Ballmer at Microsoft Corp.
Mulally, who attended Ford’s annual holiday party for media members Thursday night, said there was “no change” in his status as the automaker’s chief.
# # #
So for whatever reasons the seemingly wishy washy state of affairs will continue, but I guess the board is happy.
"Should be shot". Man-o-man. The nature of the markets is that new information comes in everyday, frequently contradicting or invalidating what when down before. It's the nature of the game. Things are always changing. Don't blame those who try to make heads or tails of this most complicated and interesting problem! I think Cramer does a pretty good job, overall.
The term "manipulation" implies smarts, sometimes it's just knee-jerk stupidity as I think was the case here.
This this is way overblown..... from Yonhap
SK Hynix, the world's fourth-largest chipmaker, said Wednesday that it may build new assembly lines for DRAM chips in Icheon, Gyeonggi Province.
"The firm is currently considering adding the new assembly lines to the 'M10' factory, which have been dilapidated," a company official said in a statement.
The announcement came after news reports that the country's second-largest chipmaker plans to invest 15 trillion won ($ 14 billion) over the next eight years to build new factories in the region.
The official declined to confirm the total construction cost.
"Currently nothing has yet been set for the schedule, and the company has not decided if it will keep the old factory in operation," the official said.
The company said in the statement that it would give further details on the construction plan when it is officially decided.
The M10 assembly lines have been mired into an environmental case in which the firm leaked contaminated toxic chemical substances and gases out of the assembly lines without purifying them.
SK Hynix produces DRAM at the Icheon factory, and it plans to roll out 3-D NAND chips at assembly lines in Cheongju, North Chungcheong Province, as early as late next year.
Korea Times has a longer article about all of this:
SK hynix, the world’s second-biggest supplier of memory chips, plans to invest “billions of dollars” to build new chip plants in Icheon, Gyeeonggi Province, in the years to come, the company said, Wednesday.
“SK hynix is mulling a possibility to construct new lines in Icheon where one of our key technology compounds are located, as existing chip lines there called ‘M10’ are obsolete and unprofitable,” said company spokesman Son Kyung-bae.
Son said “billions of dollars” will be spent for the construction of new plants over the next few years; however, he stressed the SK Group’s semiconductor unit will be flexible in terms of the timing of the investments and the operation of new lines based on market conditions.
SK operates DRAM lines in Icheon, flash-type NAND chips in Cheongju and mobile DRAMs in Wuxi, China.
Market analysts expect the total amount of investment will reach up to 13.5 trillion won as technology complexity continues to increase as the global chip market is going through an economies of scale amid the industry’s new paradigm of bankruptcies, exits and decades of value destruction.
The M10 line was constructed in 1994 with the goal of producing 200-millimeter or eight-inch wafers. But the line was shifted to the spot for a better 12-inch or 300-millimeter wafers in 2005.
Since 2006, SK hynix has persistently been seeking to persuade authorities at the national and regional city of Icheon to approve the construction of new lines to replace the M10 line.
But the government was reluctant to authorize the plan by the chip supplier due to fears that the new lines will adversely impact the local environment.
“The authorization was because of SK hynix’ commitment to strictly limit the emission of toxic chemicals and to protect the environment,” the spokesman said.
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